31 Wright Street Welland, Ontario L3B 2K2
$355,000
ATTENTION INVESTORS AND FIRST TIME HOME BUYERS! Legal Duplex with two vacant 2 bedroom units. Income in range of 26000 to 33000 per year. If you're in search of a promising investment opportunity or live and rent, don't miss this one.This property features two separate 2-bedroom units with completely independent tenant responsible utilities (gas and hydro meters), separate furnaces and hot water heaters, each with its own laundry facilities, located in a divided partially finished basement, brand new windows, High efficiency furnaces (owned), and TONS OF POTENTIAL!. Either rent both or rent one and live in the other and have the tenants pay your mortgage. Fantastic cap rate on this property.Full basement, partially finished with front and back access and convenient 2 pc bath. Potential to develop another unit in the basement with rear entrance.Currently 100% compliant with TSSA and fire separation requirements.Private single drive with 4+ parking and a detached single car garage/workshop with new roof in 2021.The duplex is situated in a central east Welland location with close proximity to shopping, public transit, and easy highway access. 20 minutes to niagara falls or St Caths and 10 minutes to the thorold campus. Make sure to add this to your list of must-see investments. (id:50886)
Property Details
| MLS® Number | X11604724 |
| Property Type | Single Family |
| Community Name | 773 - Lincoln/Crowland |
| AmenitiesNearBy | Public Transit, Place Of Worship, Park, Schools |
| CommunityFeatures | School Bus |
| Features | Flat Site, Lighting |
| ParkingSpaceTotal | 4 |
| Structure | Porch |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 4 |
| BedroomsTotal | 4 |
| Amenities | Separate Electricity Meters |
| BasementFeatures | Separate Entrance |
| BasementType | N/a |
| ExteriorFinish | Aluminum Siding |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1099.9909 - 1499.9875 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Place Of Worship, Park, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 110 Ft |
| SizeFrontage | 35 Ft |
| SizeIrregular | 35 X 110 Ft |
| SizeTotalText | 35 X 110 Ft|under 1/2 Acre |
| ZoningDescription | Rl2 |
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Contact us for more information
Kristyn Robins
Broker of Record
12180 Lakeshore Rd
Wainfleet, Ontario L0S 1V0
Aubrey Storring
Salesperson
12180 Lakeshore Rd
Wainfleet, Ontario L0S 1V0
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 29 2024 10:53:13
Niagara Association of REALTORS®
A.g. Robins & Company Ltd, Brokerage